Experts: Margin Trading Exacerbates Bitcoin Plummeting

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After reaching almost $14,000 in late June Bitcoin has been trading sideways at around $10,000 for the last couple of months, bouncing off the resistance level of $11-12K and having strong support at $9300. It’s been reported that bitcoin volatility levels reached 4-5 months minimums.  After trading sideways around the $10,000 level, it all changed on September 25th when Bitcoin’s price dropped by over 18% to a low of $8,200. To better understand the scale of this downtrend, worth mentioning that on September 24th was Bitcoin’s largest intraday drop since January, 2018 (when bitcoin plummeted from almost a $20,000 price…
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Experts: Margin Trading Exacerbates Bitcoin Plummeting

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